(in millions of MNT)
| BALANCE SHEET ITEMS | 31/12/2021 | 31/12/2022 | |
| 1 | ASSET | ||
| 1.1 | Cash and cash equivalents |
131,425 |
484,176 |
| 1.2 | Due from banks and financial institutions |
28,907 |
69,136 |
| 1.3 | Financial investments |
82,961 |
12,290 |
| 1.4 | Loans and advances to customers (net) |
423,569 |
549,812 |
| 1.4.1 | Performing loans |
425,169 |
490,950 |
| 1.4.2 | Non-performing loans |
11,722 |
77,125 |
| 1.4.3 | Deferred loan payment |
(126) |
(140) |
| 1.4.4 | Accrued interest receivable |
6,219 |
11,337 |
| 1.4.5 | Loan Loss Provision |
(19,415) |
(29,460) |
| 1.5 | Derivative financial assets |
36 |
3,416 |
| 1.6 | Other financial assets |
42 |
694 |
| 1.7 | Other non-financial assets |
34,630 |
3,369 |
| 1.8 | Fixed assets (net) |
11,459 |
22,988 |
| 1.9 | Intangible assets |
10,024 |
10,490 |
| 1.10 | Total assets |
723,053 |
1,156,371 |
| 2 | LIABILITIES | ||
| 2.1 | Current account |
58,149 |
120,912 |
| 2.2 | Savings account |
259,021 |
400,133 |
| 2.3 | Due to banks and financial institutions |
132,946 |
404,289 |
| 2.4 | Other funds |
82,048 |
20,560 |
| 2.5 | Derivative financial liabilities |
20 |
5,610 |
| 2.6 | Other liabilities |
8,165 |
18,409 |
| 2.7 | Total liabilities |
540,349 |
969,913 |
| 3 | EQUITY | ||
| 3.1 | Share capital |
146,474 |
146,474 |
| 3.2 | Share premium |
15,645 |
15,647 |
| 3.3 | Treasury shares |
– |
(7,032) |
| 3.4 | Revaluation surplus |
1 |
– |
| 3.5 | Retained earnings /loss/ |
20,446 |
30,255 |
| 3.6 | Other reserves |
138 |
1,114 |
| 4 | Total equity |
182,704 |
186,458 |
| 5 | TOTAL LIABILITIES AND EQUITY |
723,053 |
1,156,371 |
(in millions of MNT)
| INCOME STATEMENT |
31/12/2021 |
31/12/2022 |
|
| 1 | Interest income |
50,684 |
84,938 |
| 1.1 | From Bank of Mongolia |
132 |
415 |
| 1.2 | From Other banks & financial institutions |
855 |
2,582 |
| 1.3 | From securities |
4,493 |
4,372 |
| 1.4 | From loans |
44,370 |
72,480 |
| 1.5 | Other interest income |
834 |
5,089 |
| 2 | Interest expense |
24,882 |
45,939 |
| 2.1 | Interest expense on current account |
– |
– |
| 2.2 | Interest expense on savings account |
19,963 |
37,816 |
| 2.3 | Interest expense on borrowed funds |
1,948 |
2,376 |
| 2.4 | Interest expense on securities |
1,574 |
1,711 |
| 2.5 | Other interest expense |
1,397 |
4,036 |
| 3 | NET INTEREST INCOME (1-2) |
25,802 |
38,999 |
| 4 | Provision expenses (provision reverse income) |
599 |
9,225 |
| 4.1 | Deposits at other banks and financial institutions |
327 |
768 |
| 4.2 | Securities |
25 |
73 |
| 4.3 | Loans |
247 |
8,384 |
| 5 | Net interest income after provision [(3)-(4)] |
25,203 |
29,774 |
| 6 | Other income |
4,249 |
31,889 |
| 6.1 | Non-interest income |
4,249 |
31,440 |
| 6.1.1 | Trading income |
3,393 |
19,213 |
| 6.1.2 | Exchange and revaluation adjustment expense |
349 |
10,838 |
| 6.1.3 | Fees and commission income |
507 |
1,389 |
| 6.1.4 | Other non-interest income |
– |
– |
| 6.2 | Other income |
– |
449 |
| 7 | Other expense |
15,559 |
48,238 |
| 7.1 | Non-interest expense |
15,194 |
47,591 |
| 7.1.1 | Other provision expense |
1 |
58 |
| 7.1.2 | Trade expense |
1,936 |
15,191 |
| 7.1.3 | Exchange and revaluation adjustment expense |
429 |
9,883 |
| 7.1.4 | Fees and commission expense |
462 |
1,108 |
| 7.1.5 | Other operating expense |
12,366 |
21,351 |
| 7.2 | Other expense |
365 |
647 |
| 8 | Profit Before Tax (5+6-7) |
13,893 |
13,425 |
| 9 | Income tax expense |
2,441 |
2,560 |
| 10 | Profit After Taxes (8-9) |
11,452 |
10,865 |
| 11 | Other comprehensive income |
92 |
(80) |
| 12 | Total comprehensive income for the year (10+11) |
11,544 |
10,785 |
(in millions of MNT)
| OFF BALANCE SHEET | 31/12/2021 | 31/12/2022 |
| Contingencies and commitments (net) |
16,939 |
11,078 |
| PRUDENTIAL RATIOS BY THE BANK OF MONGOLIA | Limit | 31/12/2022 |
| Tier 1 ratio |
≥ 9% |
26.9% |
| Capital adequacy ratio |
≥ 12% |
26.9% |
| Liquidity |
≥ 25% |
37.0% |
| Foreign currency open position ratio (by each currency) |
< ±15% |
-2.6% |
| Foreign currency open position ratio (total) |
< ±30% |
-3.2% |
(in millions of MNT)
| Related parties | Category of assets | Balance | % in total Equity | |
| 1 | Loans and other equivalent asset provided to a related party (less than 5% of capital) |
4.9% |
||
| 1.1 | Shareholders of the Bank |
– |
– |
0.0% |
| 1.2 | Key management personnel |
– |
– |
0.0% |
| 1.3 | Other related parties |
Loan |
9,140 |
4.9% |
| 2 | Total Loans and other equivalent asset provided to related parties (less than 20% of capital) |
18.5% |
||
| 2.1 | Shareholders of the Bank |
Loan |
100 |
0.1% |
| 2.2 | Key management personnel |
Loan |
331 |
0.2% |
| 2.3 | Other related parties |
Loan |
34,020 |
18.2% |